Jan 19, 2013 1:00am PST
, next week we will authorize a three-month temporary debt ceiling increase. that was the announcement from the majority leader of the house republicans announcing they are giving up on what they had been saying for months was their plan, to not approve an increase in the debt ceiling to thereby push the country again into a self-imposed economic crisis and threat of defaulting on our national debt and all the panic we know that causes because they did it before in 2011. and eric cantore announced today they are not going to do that again even though they had been saying for months that they would. they gave up today on that threat. that's why the vix panic index stopped panicking today. that's the nice kickoff for what should be a nice weekend for the president. >>> new second term official portrait. to refresh your memory, this is the first term one. same flag pin, similar blue tie, i guess. lots more gray up top. i don't know why they decided to go from the close cropped i.d. photo look from the first term to the i'm standing here in my office and i'm happy to be here look. i kind o
Jan 19, 2013 3:00am PST
will not negotiate around the debt ceiling. you know, we're not going to play the same game that we saw happen in 2011. so we're not going to do that. but i will not negotiate around the debt ceiling. we're not going to do that again. >> as i said earlier this week, one of the things i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. >> what i will not do is to have that negotiation with the gun at the head of the american people. that's not how we're going to do it this time. >> this evolution in the president's strategy for dealing with republicans and recognizing their strategy against him and knowing what he can and cannot expect to get out of them. on the last business day of his first term, it paid off today. and them giving up their demand that he needed to negotiate with them on the debt ceiling. today they recognized that they were not going to get that. and today the republicans caved. and the vix was very happy. at this point, the republicans are still trying to hand contingencies on this. they're still trying to say, they'
Jan 19, 2013 7:00am PST
a little mini cave on the debt ceiling, and it looks like they are going to be willing to extend the debt ceiling for three months with which is the cover of the new york times this morning, and what is that about? what is happening? >> well, it seems they are trying to line up their opposition to the president, this debt ceiling trying to line it up with two other big economic situations that we are going to be faced, that is to continue resolution that we common call the c.r. to keep the government running which expires the first of march. and then of course, we have the so-called, i don't know what to call it, but it is not the cliff, but it is not what i would call it. >> the curb. >> yes, the curb beginning to kick in, and we need to work with that and i think that they are trying to line it up to camouflage whatever they may do, which i think will be to vote to let the debt ceiling go up. >> okay. so i should not see this as we say in the black church, a "come to jesus" moment, but in washington they say we are outmanned on this, so we will have to give the president his way, becaus